SEC Form 4 · accession 0001127602-17-022204

PRIVATEBANCORP, INC · PVTB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jun 23, 2017

Accepted (ET)

Jun 27, 2017 · 1:09 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000889936

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	May 18, 2017	G	8,450	$0.00	D	41,435	D
Common Stock^F1	Jun 23, 2017	D	41,435	—	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock Units^F4,F2,F3	—	Jun 23, 2017	D	10,575	D	—	—	Common Stock	10,575	0	D

F1Represents 20,374.7685 shares of issuer common stock and 21,060 restricted stock units. Pursuant to the Agreement and Plan of Merger among Canadian Imperial Bank of Commerce ("CIBC"), CIBC Holdco Inc. and the issuer, dated June 29, 2016, as amended (the "Merger Agreement"), each share of common stock of the issuer was converted into the right to receive: (i) $27.20 in cash; and (ii) 0.4176 common shares of CIBC. The closing price of CIBC common stock on June 22, 2017, the last trading day prior to the effective time of the merger, was $80.95 per share. Pursuant to the Merger Agreement, each restricted stock unit award was cancelled and converted into the right to receive a cash payment of $60.6452.
F2The phantom stock units convert to common stock of the Issuer on a 1-for-1 basis.
F3The phantom stock units are to be settled in common stock of the Issuer upon the date previously elected by the reporting person.
F4Pursuant to the Merger Agreement, each phantom stock unit of the issuer was converted into a cash-settled phantom stock unit of CIBC relating to 0.7572 shares of CIBC.